VirtenSys Raises $16 Million Series C

VirtenSys is a U.K. based company with headquarters in the U.S. The company recently announced that they have raised $16 million Series C.

VirtenSys raised the funding from Scottish Equity Partners, Gimv, and Celtic House Venture Partners.  VirtenSys develops virtual systems that includes software and semiconductors.

VirtenSys helps cut down server space and costs for their clients.  Energy usage is also cut down.  VirtenSys CEO Ahmet Houssein announced in February that the company raised $30 million from three venture capital firms.

VirtenSys employs about 45 people.  Company revenues are expected to be about $50 to $100 million next year.

[via BizJournals]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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